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AUDCAD

AUDCAD One Low to go inside the Channel Down.The AUDCAD pair has been trading within a Channel Down since the February 09 High, having failed to achieve any 1D candle closing above the 1D MA50 (blue trend-line) since July 26. The current price action resembles the start of the Channel Down. Based on symmetry, we have one last Lower Low to achieve and then we should be expecting a rebound to test the 1D MA50. We will buy just below Support 2 (0.85915) and target 0.8700. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
AUDCAD Expected Growth! BUY! My dear friends, Please, find my technical outlook for AUDCAD below: The instrument tests an important psychological level 0.8637 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 0.8684 Recommended Stop Loss - 0.8616 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
2
AUDCAD On The Rise! BUY! My dear friends, Please, find my technical outlook for AUDCAD below: The instrument tests an important psychological level 1.8667 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 0.9709 Recommended Stop Loss - 0.8643 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
AUDCAD Technical Analysis and Trade IdeaAnalyzing the AUDCAD currency pair, we observe a bearish shift in market structure evident on both the 4-hour (4H) and daily (1D) charts, characterized by a substantial downward movement. My focus lies on identifying a potential trade opportunity during the retracement phase, capitalising on the imbalances evident within the chart. I encourage you to watch the video for a detailed explanation, but please be mindful that the information provided is for educational purposes and should not be construed as financial advice or recommendations for trading decisions.
Short
by fxtraderanthony
2
BluetonaFX - AUDCAD LONG Trade IdeaHi Traders! There is bullish momentum forming on the AUDCAD 1D chart as the pair looks to possibly retest the resistance area. Price Action 📊 There are higher highs and higher lows above the trendline support, and a bullish momentum candle is forming to break above the 20 EMA. Looking for a momentum break and a close above the 20 EMA for possible long entries to exit at the resistance area between 0.86668 and 0.88486 Fundamental Analysis 📰 The market's outlook on the AUD has been very positive this week, with a significant improvement in the employment situation in Australia. Support 📉 0.86668: SUPPORT TRENDLINE Resistance 📈 0.88198: FIRST RESISTANCE 0.88486: SECOND RESISTANCE Risk ⚠️ No more than 2% of your capital Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀, as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
10
AUDCAD, Bulls to break upside (Long)The price suffered a major decline between 22nd February 2021 (0.99901) to 10th October 2022 (0.86040) and the market bulls took over to correct the price to 0.95489 on 23rd January 2023. Since then, price has been a decline for the past consecutive 8 months in a descending channel. Price is nearing a yearly trendline support level which the bulls are accumulated ready to take control at the 0.86241 support level. The market is ready for another major correction upwards. The news this week on AUD are not serious but on Thursday Tokyo session on employment change and unemployment rate. Keep an eye out for it. Support: 0.86241 Resistance: 0.87484 TP1 0.88216 TP2 0.88938 TP3
by AbeikuGlobal_FX
1